CUMA HARIGI: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CUMA HARIGI
Largest movements
- Receivables within one year -€24,223
down €24,223 (-36.4%), from €66,607 to €42,384
of which Trade receivables: -€25,480
- Tangible fixed assets -€23,978
down €23,978 (-35.7%), from €67,213 to €43,234
- Cash +€6,898
up €6,898 (+115%), from €5,989 to €12,888
mainly Receivables within one year (+€24,223) and Depreciation (+€23,978)
- Other debts -€18,000
down €18,000 (-81.8%), from €22,000 to €4,000
- Current portion of long-term debt -€9,912
down €9,912 (-54.1%), from €18,316 to €8,404
- Debts after one year -€8,054
down €8,054 (-21.8%), from €36,981 to €28,927
- Advances received -€7,462
down €7,462 (-21.4%), from €34,858 to €27,396
- Depreciation -€22,688
down €22,688 (-48.6%), from €46,666 to €23,978
- Gross operating margin -€3,409
down €3,409 (-10.5%), from €32,364 to €28,955
- Other operating charges -€1,152
down €1,152 (-71.2%), from €1,617 to €465
- Taxes +€482
up €482 (+82.8%), from €583 to €1,065
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,408 | €99,121 | -€41,287 | -29.4% |
| Fixed assets | 21/28 | €67,213 | €43,234 | -€23,978 | -35.7% |
| Tangible fixed assets | 22/27 | €67,213 | €43,234 | -€23,978 | -35.7% |
| Plant, machinery and equipment | 23 | €67,213 | €43,234 | -€23,978 | -35.7% |
| Current assets | 29/58 | €73,196 | €55,887 | -€17,309 | -23.6% |
| Amounts receivable within one year | 40/41 | €66,607 | €42,384 | -€24,223 | -36.4% |
| Trade receivables | 40 | €66,284 | €40,804 | -€25,480 | -38.4% |
| Other amounts receivable | 41 | €323 | €1,580 | +€1,258 | +390% |
| Cash at bank and in hand | 54/58 | €5,989 | €12,888 | +€6,898 | +115% |
| Deferred charges and accrued income | 490/1 | €600 | €615 | +€15 | +2.5% |
| Total equity and liabilities | 10/49 | €140,408 | €99,121 | -€41,287 | -29.4% |
| Equity | 10/15 | €17,816 | €18,979 | +€1,163 | +6.5% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €6,681 | €7,844 | +€1,163 | +17.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,821 | €3,857 | -€964 | -20.0% |
| Distributable reserves | 133 | - | €2,127 | +€2,127 | |
| Profit (loss) carried forward | 14 | €1,835 | €1,835 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,607 | €1,286 | -€321 | -20.0% |
| Deferred taxes | 168 | €1,607 | €1,286 | -€321 | -20.0% |
| Amounts payable | 17/49 | €120,985 | €78,856 | -€42,129 | -34.8% |
| Amounts payable after more than one year | 17 | €36,981 | €28,927 | -€8,054 | -21.8% |
| Financial debts | 170/4 | €36,981 | €28,927 | -€8,054 | -21.8% |
| Amounts payable within one year | 42/48 | €84,004 | €49,929 | -€34,075 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €18,316 | €8,404 | -€9,912 | -54.1% |
| Trade debts | 44 | €8,246 | €8,481 | +€235 | +2.8% |
| Suppliers | 440/4 | €8,246 | €8,481 | +€235 | +2.8% |
| Advances received on contracts in progress | 46 | €34,858 | €27,396 | -€7,462 | -21.4% |
| Taxes, remuneration and social security | 45 | €583 | €1,647 | +€1,065 | +183% |
| Taxes | 450/3 | €583 | €1,647 | +€1,065 | +183% |
| Other amounts payable | 47/48 | €22,000 | €4,000 | -€18,000 | -81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,666 | €23,978 | -€22,688 | -48.6% |
| Other operating charges | 640/8 | €1,617 | €465 | -€1,152 | -71.2% |
| Gross operating margin | 9900 | €32,364 | €28,955 | -€3,409 | -10.5% |
| Operating profit (loss) | 9901 | -€15,920 | €4,511 | +€20,431 | |
| Financial income | 75/76B | €180 | - | -€180 | |
| Recurring financial income | 75 | €180 | - | -€180 | |
| Financial charges | 65/66B | €2,789 | €2,605 | -€184 | -6.6% |
| Recurring financial charges | 65 | €2,789 | €2,605 | -€184 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,529 | €1,906 | +€20,436 | |
| Transfer from deferred taxes | 780 | €5,228 | €321 | -€4,906 | -93.9% |
| Income taxes | 67/77 | €583 | €1,065 | +€482 | +82.8% |
| Profit (loss) for the period | 9904 | -€13,884 | €1,163 | +€15,047 | |
| Transfer from tax-exempt reserves | 789 | €15,683 | €964 | -€14,719 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,799 | €2,127 | +€329 | +18.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.